Prime minister’s initiative Startup India managed to gain attention at Worlds Economic Annual Meeting 2017. Startup India not only bags the attention at the meet but also gained 3rd spot for new tech business in startups because of the strong growth in a short period of time.
According to a report by Nasscom and Zinnaov, in their website named www.weforum.org the top five countries which are the largest hub for startups are led by US following UK, India, China and Israel. The website quotes “India is in blooming stage of startup hubs. They get immense amount of support from the government, as a result new startups are evolving daily.”
In 2013 NASSCOM (National Association of software and service companies) introduced 10,000 startup Programs in which around 700 tech driven startups were set in this year. The percentage of startup increased to 70% and by 2020 it is expected to increase up to 75% by introducing 21,000 startups.
NASSCOM also reports that India is the youngest startup nation as the 75% startups founders are aged less than 35 years. Most of the Indian startup are based from NCR, Bangalore and Mumbai cities. India startup not only provides services for domestic regions but they are going Global as well. In 2016 Indian startup Flipkart was ranked 9th in the global startup.